…Promote Circulation of Steel Scrap by Utilizing Japan’s Only Dry Dock that Can Handle Large Vessels

Tokyo - Nippon Yusen Kabushiki Kaisha (“NYK”) and Oono Development Co.,Ltd. ("Oono Development”) have agreed to jointly study the commercialization of ship recycling, in which ships and large offshore structures are dismantled in Japan and recycled as steel scrap and other materials. The memorandum of understanding (MoU) was signed on September 18 at NYK's head office (Chiyoda-ku, Tokyo). NYK Chairman Hitoshi Nagasawa and President Takaya Soga, Oono Development Chairman Teruo Ohno and . . .